High visibility, captive growth, substantial earnings and cash flow generation
Drilling is a strategic business of the oil and gas value chain and ADNOC Drilling is a key asset of ADNOC, the Abu Dhabi National Oil Company, whose mission is to manage the vast hydrocarbon reserves and main source of income of the Emirate of Abu Dhabi. As the sole provider of drilling services in Abu Dhabi, we benefit from a unique relationship and a contractual framework with the Group that provides us with an unmatched visibility on our long-term top line growth, returns and cash flow generation.
At the heart of the ADNOC upstream ecosystem, we have, since 1972, built an impressive track record of strong operational and financial performance. Today, as the first national integrated drilling services provider in the region, we are adding a full range of oil field services to our original drilling offering, and are in an advantageous position to serve ADNOC’s ambitious long-term plans to further increase its crude production and to unlock new unconventional gas resources.
“Our nine-month performance reflects the strength of ADNOC Drilling’s business model, the resilience of our highly contracted revenue base and the successful execution of our growth strategy. We continue to deliver consistent financial performance while investing in the capabilities, technologies and partnerships that will support the next phase of our growth.
“Our continued performance and strong cash generation enable us to invest in future growth while delivering enhanced shareholder returns through our progressive dividend policy, including a $175 million discretionary dividend, the first tranche of which will be paid this quarter.
“The launch of Drill-to-Operate is a natural evolution of ADNOC Drilling. For decades, we have been trusted to construct some of the region’s most complex wells. We are now extending that capability across the full well lifecycle to capture more value from every well and expand the markets and services in which we operate.
“Through Oilfield Services, Turnwell, Enersol, regional expansion and AI-enabled technologies, we are building a broader, more diversified energy services business, creating new pathways for sustainable growth while continuing to deliver attractive returns for shareholders.”
| Date | Event |
|---|---|
| 2-5 November 2026 | ADIPEC |
| 3-6 December 2026 | Formula 1 |
| 7-10 December 2026 | ADFW |
| 11 February 2027 (TBC) | 4Q 2026 Results |
The Board of Directors approved a total dividend distribution of $350 million (c. 8.0 fils per share) in respect of the third quarter of 2026, comprising the base quarterly dividend of $262.5 million and the first $87.5 million tranche of a $175 million discretionary dividend that the Company intends to distribute in two tranches. The base quarterly dividend and the first tranche of the discretionary dividend are expected to be paid in the second half of November 2026 to all shareholders on record as of November 5, 2026. The Board has also endorsed the second $87.5 million tranche of the discretionary dividend for shareholder approval; subject to such approval, payment is expected in or around April 2027.
Our Operations are organized into three reporting segments: Onshore, Offshore (Jack-up and Islands) and Oil Field Services (OFS).
Onshore generated 41% of 2025 revenue.
Offshore contributed 29% of 2025 revenue.
Oil Field Services (OFS) accounted for 30% of 2025 revenue.
Established in 2018, the segment allowed ADNOC Drilling to become the first Integrated Drilling Services provider in the Middle East and is expected to grow significantly over the next decade.
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